...Personal Finance Plan Yuan Liu May 1st 2013 Project Name: Personal finance plan Planer: Yuan Liu Address: 807 Walters Street APT 147, Lake Charles, LA, USA Zip code: 70607 Cell phone: (843)743-4884 CONTENTS Plan Summary 4-5 Chapter 1 Personal Condition and Finance Goal Section 1.1 Basic Information 6 Section 1.2 Finance Status 6 Section 1.3 Finance Goal 8 Chapter 2 Personal Finance Status analysis Section 2.1 Family Assets Structure Analysis 9 Section 2.2 Family Financial Ratio Analysis 9 Section 2.3 Family Financial Features Analysis 10 Chapter 3 Financial Plan Section 3.1 The Basic Assumptions of Financial Plan 11 Section 3.2 Financial Advice 11 Plan Summary Financial management is a kind of life attitude, also a good living habits and enjoyable process of life. This financial plan detailedly analyzes the my family and my personal situation, financial information, and financial needs, on this basis, combined with the family members’lives and occupational characteristics, I have made the consumption and...
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...THE LIVING WAGE AND ITS EFFECT ON THE ECONOMY INTRODUCTION The topic of our study investigates the living wage and its effect on the economy. A survey will be distributed asking questions about wages, cost of living, and making ends meet. Our conclusions and recommendations on the topic of living wages will result from this survey. BACKGROUND The definition of living wage is “a term used to describe the minimum hourly wage necessary for a person to achieve some specific standard of living. This means a person working forty hours a week, ”should be able to afford housing, food, utilities, transportation, health care and recreation” at a basic level. (Wikipedia.org). Currently, a living wage is set by local municipalities based on a local cost of living assessment, and applies only to government employees and/or contractors. This is different from minimum wage, which is set by law through the Federal government. The federal minimum wage is the minimum amount that a worker can be paid an hour and this law applies to nearly all workers. In Michigan, the minimum wage is currently $7.40 an hour. Minimum wage does not always meet the requirements of a living wage. (Wikipedia.org). For example, in 2008, East Pointe, MI paid its employees a living wage of $10.40/hr , while Detroit, MI paid its employees and contractors $8.25/hr, both with health benefits in comparison to $7.40/hr Federal minimum wage.(laborstudies.wayne.edu/ According to the Economic Policy Institute...
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...this paper is to create a three year financial plan for Universal Health Service, Inc. using the financial statement previously generated. The financial ratio of profitability ratio is the ratio that most financial analysts would use to evaluate the financial condition of the company. The profitability ratio is also known as the profitability margin and measures the companies operating efficiency (Money-Zine, 2014). This metric is used to compare Universal Health Service, Inc. to the other hospitals rather than to the entire Healthcare industry. Profitability ratios reflect how Universal Health Service, Inc. ability to operate with an excess of operating revenue over operating expense (Baker & Baker, 2011). Net revenues three months 2014 equals 2,017,758 over the net expenses 168,900,585 yields a current ratio 0.012 and the three months 2013 1,816,369 over the net expense 1,710,751 yields a current ratio 1.062 and the nine month 2014 equals net revenues 5,957,745 over net expenses 4,836,416 yield a current ratio 1.232 and the nine month 2013 equals net revenues 5,482,976 over the net expenses 4,416,941 yields current ratio 1.241based on these figures. I do believe the Universal Health Service, Inc. is able to meet its financial obligations as they come due because the current ratio, which is a method used to measure the short-term debt paying ability of Universal Health Service, Inc. According to the ratio analysis and my calculation the trends are favorable because for...
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...Financial Statement Analysis In this paper, the writer will perform an analysis of Universal Health Services (UHS) financial statements. The organization has a group arrangement, in which they are the parent corporation of numerous subsidiaries. The company focuses on acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers. (Universal Health Services, 2015) Universal Health Services, a New York Stock Exchange company, has its headquarters located in Pennsylvania but has several locations throughout the United States including Puerto Rico, U.S Virgin Islands, and the United Kingdom. (Universal Health Services, 2015) Financial Well Being of Universal Health Services The health care industry can be a lucrative business, for UHS it is seen in their annual report provided to stakeholders. The report informs stakeholders what the company has done to expand its financial standing in order to grow within the year. UHS reached many goals within their past fiscal year that ended in December of 2014 both financially and as a corporation. First their net revenue reached 8.07 billion an all time high for the organization’s 35 years of business compared to last year. Looking at the adjusted net income that is attributable to UHS it increased from $452.1 million in 2013 to $581.8 million in 2014 which led to a 29 percent increase. The company’s stock price valued 37 percent, closing 2014 at $111.26 per share. In...
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...Essay: The Health Care, Universal Insurance and International Comparison of Health Care Syetem Introduction In recent years, the availability and affordability of health insurance in United States has becomes the subject of much debate. About one in seven American has no health insurance at all, and for many people who are insured, the cost of coverage is a financial hardship. This situation has led some people to call for the government to provide health insurance for all citizens like other developed countries e.g. Canada, United Kingdom, Japan, Germany etc. Under this type of system, the state government or the federal government would provide insurance coverage, fixed by taxes for everyone. Those who support government-run health care believe that it has many benefits, including universal coverage, lower costs, and greater efficiency. Opponents contend that such a system would require budgets controls, forcing the government to decide whether and when person can receive certain health service. They believe universal health care would lead to lower quality care, long delay, greater government bureaucracy, and greater tax increase. However, whether universal insurance or not, the current health care system needed a reform and I believe Most American will prefer Universal health insurance to any other health care system because it guarantee coverage for everybody. Thesis: the rising cost of health care is a very critical issue in public debate nowadays. The situation...
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...[pic] [pic] [pic] ALICO (American Life Insurance Company) is among the largest international life insurance companies in the world. ALICO has operations in more than 50 countries, with its main presence in Japan, Europe, the Middle East, Latin America and portions of Africa and the Caribbean. Headquartered in Wilmington, Delaware, in the United States of America, ALICO is licensed and regulated by the Delaware Insurance Department, as well as by other jurisdictions around the world. ALICO's branches and subsidiaries provide a wide range of life and health insurance products through a network of approximately 28,000 agents and brokers. The product lines include traditional life, accident and health, group insurance for large and small organizations, pensions, and annuities. We invite you to browse our site to learn more about ALICO and what we have to offer. American International Group, Inc. (AIG) world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Paris, Switzerland...
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...the mind over pleasures of the body. The term “happiness” seems to capture this broadened sense best, and Utilitarian philosophers sometimes call their principle the “greatest happiness principle.” To apply correctly the utilitarian approach, one should avoid several possible misunderstandings of the utilitarian principle. First, the principle does not refer to that action which produces the most utility for the person performing that action; rather, an action is right if it produces the most utility for all persons affected by the action (including the person performing the action). Nor does the utilitarian principle say that an action is right so long as its benefits outweigh its costs. Rather, utilitarianism holds that, in the final analysis, only one action is right: that one action whose net benefits are greatest by comparison to the net benefits of all other possible alternatives. Finally, the utilitarian principle does not require us to consider only the direct and immediate consequences of our actions. Instead, both the immediate and...
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...PEAR TECHNOLOGIES ® Executive Summary The sWand is a new and unique button-less gesture based universal remote control that is being launched by Pear Technologies in the electronic gadgets market. This product offers consumers cutting-edge technology for increased convenience of use of electronic devices at affordable prices. The target market for this new product comprises households in Singapore with three or more electronic gadgets and an annual income greater than $30,000. Sales targets for the first year are set at 5% of the target market, which is the number of households in Singapore with three or more electronic gadgets. Additionally, a future financial target is to breakeven by 2012. A future marketing target is to expand the market to encompass all of Asia-Pacific through liaising with retail chains Table of Contents 1. Organization Description...............................................................................................Page 3 2. Strategic Focus and Plan..........................................................................................Page 4 - 5 Mission Goals Core Competency and Sustainable Competitive Advantage 3. Situation Analysis..................................................................................................Page 5 - 10 SWOT Analysis Industry Analysis Competitor Analysis Company Analysis Customer Analysis 4. Market-Product Focus.........................................................................
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...analysts would use to evaluate the financial condition of the company. Provide support for your rationale. Financial ratios are tools utilized to examine the financial condition and performance of company by financial analyst. Financial analysts look at many different ratios however I believe that the most important ratios that they use to analyze the financial health of a company are liquidity and profitability ratios. Likewise, financial ratios are important because they allow financial managers to evaluate opportunities. Analysts study a company’s financial statements and are particularly concern with return on investment in the various assets of the company and in the efficiency of asset management. Getting the ratios numbers involves analysis and use of the financial statements of a firm. These statements attempt many things. First, the statements reveal the assets and liabilities of a business firm at a moment in time usually at the end of a year. Analyst can use these statements to compare present ratios with past ratios of the same company by using past statements. Analyst can also use ratios of other firms and compare them with firms of similar industry. I believe that financial analyst first look at profitability ratios, they measure a company’s ability to generate earnings relative to its expenses and other costs. For most company profitability ratios, larger values relative to its industry or to the same ratio from a previous period are better. Two well-known profitability...
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...Universal insurance Course Project Implementation of Universal Health Health Policy and Economics June 22, 2014 Diera Kelley DvKelley30@Gmai.com Table of Contents Executive Summary Pg. 3 Define the Problem Pg. 4 Literature Review Pg. 4 Problem Analysis Pg. 9 I. The Uninsured II. The insured Possible Solutions Pg. 11 Solution and its Implementation Pg. 17 Justification Pg.19 References Pg.21 EXECUTIVE SUMMARY: The current health care crisis is depicted to be solved by the usage of Universal Health Coverage or UHC. This defined as the process of providing quality healthcare coverage with the aspect of financial gain or hardship. Since the assembly in 2005 of the World Health Assembly several countries have...
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...out to be spread over several stages rather than being rolled out at once. After the signing of the law, certain parts of the law was implemented. A couple of those changes implemented as part of the law are children remaining on their parents insurance until age 26 and people not being denied insurance coverage due to pre-existing health conditions. The expansion of access to health care was also written into the law. This mainly referred to the younger adults whose income was too low to be able to afford health insurance and for those people with chronic health issues in which pre-existing caused them to be denied new insurance plans. The individual and business mandates and the state insurance exchanges went into effect in 2014. The state insurance exchanges allowed people to purchase health insurance coverage as part of a larger group in their state in which rates are reduced. To help cover cost of premiums, lower income families were eligible for government subsidies. This allows the lower income families to have increased access to health care so that they are able to...
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...manifests in loss of hope, aspirations, malnutrition and sometimes sudden death. The startling 69% national poverty level and 73.6% rate in Ebonyi state is a clear indication that poverty is still very high in Nigeria. The study therefore evaluated NAPEP’s performance in the area of human capital development, infrastructure facilities, access to safe drinking water, sanitation and access to basic education which are some of the parameters for measuring poverty level. A descriptive survey design was adopted with a sample population of 400 which spread across the six local governments studied. The major instrument for data collection was a structured questionnaire, which was distributed to the respondents and a total number of 380 questionnaire were duly filled and returned representing 95% of the sample population. The data collected was analyzed with statistical tables, percentage calculations and chi-square. The study among other thing, found out that NAPEP has not really impacted on the development of human capital, it equally revealed that the agency has not improved access to basic education and infrastructure facilities. Insincerity and corruption on the part of contractors; inadequate sensitization, poor coordination, narrow coverage, excessive politicization have been...
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...Comparative Analysis of the Health Care Systems Offered in the United States and Mexico Comparative Analysis of the Health Care Systems Offered in the United States and Mexico Healthcare Comparison of United States and Mexico The objective of this report is to give a comparative analysis between the United States healthcare system and Mexico's. Its key focal point will be centered on the countries policies, how their various systems are financed, who provides healthcare, the costs of the programs and availability of access. While some factors of these two countries are similar there are varying differences among them, especially cost and access. All of the components of the two countries healthcare systems will be discussed in depth in a non-biased manner, it is our goal to simply establish how they are similar and what differences there are among them. For starters a comparison of the overall health of the people of the two countries will form a baseline as to the quality of care being provided in each of the countries and give us an insight into the effectiveness of its preventative services. The mortality rate of citizens of Mexico is 4.86 per 1,000, whereas the U.S. has 8.38 per 1,000(CIA, 2001) This is due in large part to the number of citizens the U.S. has over 65 years of age, 13.1% of the U.S. population is over 65, Mexico's is half that with 6.6%. While the baby boomer generation is a large reason why this number is high, a correlation between the quality...
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...Reducing World Poverty and Homelessness Inskip Rochford Professor: John Hilston Economic Problems and Issues 05/01/2011 Reducing World Poverty and Homelessness Reducing poverty has become a major concern of development policy. To inform policy, research on poverty has focused on income or consumption based poverty measures. Yet it is now increasingly realized that poverty is multidimensional, encompassing all important human requirements. Poverty is now widely viewed in terms of capability deprivation (Kakwani, 2006). The income approach views poverty simply as lack of income (or consumption). Poverty exists when some persons in the society have so little income that they cannot satisfy socially defined basic needs. But lack of income is not the only kind of deprivation people may suffer. Indeed, people can suffer acute deprivation in many aspects of life, beyond those defined as basic needs, even if they possess adequate command over commodities (for example, ill health or lack of education and so on). The conceptual distinction between deprivation of this kind and that primarily resulting from inadequacy of income is of fundamental importance (Kakwani, 2006). The higher a person’s income the greater is his or her command over commodities. The possession and consumption of commodities (including services) provides people with the means to lead a better life. However, possession of commodities is only a means to an end. As Sen (1985) points out “ultimately, the focus has...
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...Livio Di Matteo and Rosanna Di Matteo (1998), they used a pooled time-series cross-section model and provincial data over the period 1965-1991 to examine the determinants of real per capita provincial government health expenditure, finding that the real per capita provincial government health expenditures were positively and significantly affected by real provincial per capita income, the...
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